Cascadia moves crews to Carmacks project

Executive Summary

• Cascadia Minerals mobilized crews to the newly acquired Carmacks project and announced a planned ~4,000 m diamond drill program targeting resource expansion.
• Drilling results from 2021 holes (CRM21‑011 and CRM21‑025) returned significant copper–gold–silver intercepts, supporting the potential for a larger sulfide resource.
• The company appointed Dr. Thomas Hawkins as Vice‑President of Exploration and disclosed an equity incentive grant of up to 650,000 stock options at $0.15 per share.

Key Details

• Carmacks Mobilization: Crews arrived on Sept. 8; camp capacity for 40 personnel; access via Northern Freegold Road; preparation for a ~4,000 m diamond drill program using two skid‑mounted drills.
• Resource Context: Existing measured & indicated resource of 651 Mlb Cu and 302 k oz Au (36.3 Mt @ 0.81 % Cu, 0.26 g/t Au, 3.23 g/t Ag, 0.01 % Mo).
• 2021 Drill Intercepts:
• Hole CRM21‑011 – 105.52 m @ 0.96 % Cu, 0.18 g/t Au, 4.0 g/t Ag.
• Hole CRM21‑025 – 119.40 m @ 0.76 % Cu, 0.14 g/t Au, 2.6 g/t Ag.
• 2025 Drill Plan: Will step out from the above holes to test gaps in the sulfide resource; detailed schedule to be released after drill start.
• Catch Property (Amp Zone) Results – 2025:
• Surface grab samples: 699 g/t Au, 100 g/t Ag, 0.65 % Zn; and 80.74 g/t Au, 12.4 g/t Ag, 0.11 % Zn.
• Inaugural drilling: 5 holes totalling 741.5 m intersected alteration but only sporadic gold intervals; source of high‑grade surface gold remains unidentified.
• Executive Appointment: Dr. Thomas Hawkins, PhD, appointed Vice‑President of Exploration; over 20 years experience in copper and critical‑minerals exploration; will oversee strategy, drill design, target generation across the Yukon Stikine terrane.
• Equity Incentive Plan Grant: Options granted to directors/officers/employees/consultants for up to 650,000 common shares at $0.15 per share; five‑year term; quarterly vesting beginning three months after grant date.
• QA/QC Procedures: Analytical work performed by ALS Canada Ltd.; detailed sample preparation and assay methods described; all drill samples passed QA/QC; results presented uncut.

Notable Quotes

• “We’re very excited to get crews on the ground… with a healthy treasury, Cascadia is well positioned to quickly advance one of very few road‑accessible copper‑gold‑silver deposits…” – Graham Downs, President & CEO.
• “I’m excited to join Cascadia at this pivotal time… to efficiently convert geologic models into high‑quality drill results.” – Dr. Thomas Hawkins, Vice‑President of Exploration.